(CEP News) - On Tuesday night, markets will focus on inflation data from Japan while in Australia, first-quarter wage costs data will be released.

Japanese domestic CGPI for April will be released on Tuesday and is expected to show a 0.5% month-over-month increase, in line with the previous month’s previous rise. Annually, it is expected to show a 3.6% increase, down from a previous 3.9% rise.

At the same time, markets will also receive Japan’s March trade balance data, which is expected to show a surplus of ¥1233.0 billion, down from February’s surplus of ¥1035.3 billion. March’s current account balance will also be released, which is expected to show a surplus of ¥1959.7 billion, up from the previous month’s surplus of ¥1461.1 billion.

In Australia, markets will receive the first-quarter wage cost index report, which is expected to rise 1.1% following a previous rise of 1.1%. The annualized rate is expected to tick up to 4.3% following last year’s increase of 4.2%.

All times in EDT

Tuesday

19:50 JN Loans & Discounts Corp (Annualized) March Prior: 0.0%

19:50 JN Domestic CGPI (Monthly) April Exp: +0.5% Prior: +0.5%

19:50 JN Domestic CGPI (Annualized) April Exp: +3.6% Prior: +3.9%

19:50 JN Current Account Total March Exp: ¥2810.0B Prior: ¥2467.7B

19:50 JN Adjusted Current Account Total March Exp: ¥1959.7B Prior: ¥1461.1B

19:50 JN Trade Balance - BOP Basis March Exp: ¥1233.0B Prior: ¥1035.3B

20:30 AU Westpac Consumer Confidence May Prior: -1.3%

21:30 AU Wage Cost Index (Quarterly) 1Q Exp: +1.1% Prior: +1.1%

21:30 AU Wage Cost Index (Annualized) 1Q Exp: +4.3% Prior: +4.2%